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VOL. 129 | NO. 130 | Friday, July 4, 2014

Obama on Economy: 'We're Making Progress'

DARLENE SUPERVILLE | Associated Press

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WASHINGTON (AP) – President Barack Obama says job growth in June shows the recovery is taking hold, but the economy could still do better.

Obama is urging Congress to work with him to help create more jobs.

Obama cites the fastest job growth since 1999 and says, quote, "we're making progress."

Employers added 288,000 jobs in June, helping drive the unemployment rate to 6.1 percent. It is the lowest rate since September 2008 and the fifth straight monthly job gain above 200,000.

Obama spoke at 1776, a tech startup hub in Washington, D.C., with an appropriate name for Independence Day. The White House says the business illustrates Obama's commitment to promoting entrepreneurship.

Obama credits entrepreneurs for, quote, "trying to figure out how we do well by doing good."

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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